President Barack Obama gave the go-ahead for robust sanctions against Iran’s energy sector Friday, judging there is enough oil on world markets to ensure the move will not hammer US consumers.
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Best Buy has announced plans to close 50 of its 1,100 big box stores nationwide in 2013. The company said it will step up efforts to sell mobile and computing products through smaller, “standalone” locations.
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The parent company of American Airlines told a bankruptcy court that it lost US$619 million last month as revenue declined from January and failed to offset costs including fuel and labour.
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Rising consumer spending boosted US stocks on yesterday, and Wall Street closed its best first quarter since 1998.
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The 17 countries that use the euro have boosted their emergency funding for heavily indebted countries to €800 billion (US$1.1 trillion) — an amount that falls short of what the currency union's international partners had said is needed to calm...
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Corn and soybean prices soared yesterday after two reports indicated that supplies could remain tight into 2013, even as demand continues to strengthen.
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Hardware stores across the country are reporting that the cement shortage has worsened as the Trinidad Cement Ltd 90-day strike enters into its fifth week.
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Spanish workers staged a general strike on Thursday to protest against labour reforms which the government declared “unstoppable” but many ignored the action, fearing for their jobs in a country with the European Union’s highest unemployment rate.
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Orders for durable goods in the United States rose by 2.2 per cent in February, recovering partly from a drop of 3.6 per cent in January, official figures have shown.
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